First Republic Bank's Stock Plummets Amid Rescue Deal Pressure.

First Republic's stock fell by 31% on Wednesday, extending losses of nearly 50% on Tuesday, as the troubled regional bank looks for a rescue deal. The bank lost roughly 40% of its deposits in the first quarter, despite a group of 11 larger banks infusing $30 billion of deposits into First Republic in an attempt to instill confidence and prevent bank runs from spreading. Advisors to First Republic are trying to convince at least a few of those banks to provide further support by buying some of First Republic's assets at above-market rates.